Are Social Security Benefits Double-Taxed? The Answer Isn't as Simple as You Think
For most seniors, Social Security is an indispensable financial lifeline. More than two decades of surveys from national pollster Gallup show that between 80% and 90% of current retirees lean on their payout to cover at least some portion of their monthly expenses. Meanwhile, data from the Center on Budget and Policy Priorities finds that no program lifts more people above the federal poverty line than Social Security.
But just because Social Security is vital to the financial well-being of tens of millions of current retirees, it doesn't mean there isn't controversy surrounding how the program is funded.
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Source Fool.com
